CF Industries (NYSE:CF) Releases Earnings Results, Hits Estimates

CF Industries (NYSE:CFGet Rating) released its earnings results on Wednesday. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $4.21, Briefing.com reports. CF Industries had a net margin of 19.73% and a return on equity of 36.36%. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the company earned $0.70 EPS. CF Industries’s quarterly revenue was up 173.7% compared to the same quarter last year.

NYSE CF traded down $0.47 during trading on Friday, hitting $99.82. 2,945,007 shares of the company’s stock traded hands, compared to its average volume of 3,025,655. The stock has a market capitalization of $20.87 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 1.03 and a beta of 1.02. CF Industries has a 12-month low of $43.19 and a 12-month high of $113.49. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.53 and a current ratio of 1.81. The business has a 50 day moving average of $99.48 and a 200-day moving average of $78.19.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, May 13th. This is an increase from CF Industries’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 1.60%. CF Industries’s dividend payout ratio is 15.46%.

Several research firms have weighed in on CF. JPMorgan Chase & Co. downgraded shares of CF Industries from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $70.00 to $75.00 in a report on Thursday, February 17th. Consumer Edge downgraded shares of CF Industries from an “overweight” rating to an “equal weight” rating in a report on Thursday, April 14th. Scotiabank downgraded shares of CF Industries from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the stock from $81.00 to $118.00 in a report on Monday, March 28th. Citigroup upped their target price on shares of CF Industries from $86.00 to $121.00 and gave the stock a “buy” rating in a research note on Tuesday, March 22nd. Finally, Berenberg Bank lowered shares of CF Industries from a “buy” rating to a “hold” rating and upped their target price for the stock from $70.00 to $77.00 in a research note on Thursday, January 13th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $93.16.

In related news, Director Stephen A. Furbacher sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $77.34, for a total value of $618,720.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO W Anthony Will sold 1,098,645 shares of the firm’s stock in a transaction that occurred on Monday, February 28th. The shares were sold at an average price of $80.27, for a total transaction of $88,188,234.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,333,463 shares of company stock worth $107,631,042. Insiders own 0.42% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MML Investors Services LLC grew its position in CF Industries by 6.1% during the fourth quarter. MML Investors Services LLC now owns 5,247 shares of the basic materials company’s stock valued at $371,000 after acquiring an additional 303 shares during the last quarter. Harbour Investments Inc. grew its position in CF Industries by 685.7% during the fourth quarter. Harbour Investments Inc. now owns 550 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 480 shares during the last quarter. Glenmede Trust Co. NA grew its position in CF Industries by 4.2% during the fourth quarter. Glenmede Trust Co. NA now owns 14,698 shares of the basic materials company’s stock valued at $1,039,000 after acquiring an additional 591 shares during the last quarter. Tobam bought a new position in CF Industries during the fourth quarter valued at approximately $43,000. Finally, LPL Financial LLC grew its position in CF Industries by 4.5% during the fourth quarter. LPL Financial LLC now owns 37,185 shares of the basic materials company’s stock valued at $2,632,000 after acquiring an additional 1,611 shares during the last quarter. 93.00% of the stock is currently owned by institutional investors and hedge funds.

CF Industries Company Profile (Get Rating)

CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

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Earnings History for CF Industries (NYSE:CF)

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